Canadian dollar was rising agains the Japanese yen from the end of August 2019. After correction in October the uptrend continued. The price reached its highest high on October 29-th. Right now it's correction time. Let's look at some technical and fundamental factors.
1. The currency formed some kind of 'bearish engulfing' pattern at its...
The Switzerland's currency was rising starting from 4-th October and now we see the possibility of a reversal
there is a bearish engulfing candlesticks patter which was formed on the top of the trend
the price is testing the trend line with the possibility of a reversal
MACD lines are widening - this is the preliminary signal to sell
1D TF shows us a strong downtrend that initiated on March 26th of this year. And we see a morning star on June 20th that started a local correction up.
4HTF – The price is still currently slightly above the 9EMA. Approaching simultaneously the 200EMA, 23.6 Fibo Correction level and our local trend line.
Here we have to consider 2 possible scenarios:
There are several tips which are showing that NZD could rise against JPY.
1. There is a gap which has not been closed (6-th May)
2. MACD lines are approaching each other
3. Parabolic SAR is ready to reverse
Technically the pair is moving sideways (flat). But there can be a breakthrough up.
British pound was falling down against the Japanese yen from the middle of April. The situation got worse for the GBP when Japanese retail sales were released on Thursday the 25-th. The fact for March was released at the level +1% (the forecast was +0,8%). Technically we see that there are tips demonstrating a possible correction up.
On 1D TF 200-EMA is moving...
After the movement down the US dollar tested the support level 18,8000. Now there is a possibility for a reversal. We will try to analyze the pair from technical and fundamental sides. On 1D TF there is flat on the market (200-EMA is moving sideways). On balance volume indicator dropped down. On working 4H TF Parabolic SAR and OBV reversed. MACD line broke the...
On 1W TF it's flat. The 200-EMA is moving sideways. The pair tested the support level. The volume is decreasing. ADX line is moving down that means that the tendency to move down is weakening - there is a possibility for the reversal.
On working 1D TF the pair touched 200-EMA. The volume dropped. The reversal should be confirmed by the indicators like MACD and...
On 1D TF the pair is approaching 200-EMA. Unfortunately for bulls the volume is getting down. That means that it can be hard to overcome this level. On working 4H TF the trend line is heading up – the local trend is bullish. Parabolic SAR is approaching the price and is getting ready to reverse. ADX indicator started to rise. MACD line is trying to break the...
The pair is approaching the 38,2% Fibo level. 200-EMA is heading down - it means that the trend is bearish. The volume is decreasing. If the pair touches the level 1,0620 - there is the possibility for reversal.